weeks. (Round your response to two decimal places.) weeks. (Round your response to two decimal places.) d) The estimated time for the critical path is e) The activity variance along the critical path is f) Using the standard normal table, the probability that Hopkins Hospitality will finish the project in 42 weeks or less is probability and round your response to three decimal places.) (Enter as a
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Weighted moving average using Excel:3.1 Calculate demand forecast for weeks 7-24 using 6 week weighted moving average with weights 0.55, 0.1, 0.1, 0.1, 0.1, 0.053.2 Calculate demand forecast for weeks 7-24 using 6 week weighted moving average with weights 0.2, 0.2, 0.2, 0.15, 0.15, 0.13.3 Plot the two weighted moving average forecasts together with the actual demand. Comment on the obtained graph.3.4 Using the forecasting error measures seen in class, evaluate the forecasting error of each method. Accordingly which method is better?Given below are the demands of a certain product over the past 10 weeks. Week | 1 2 3 4 | 5 67|89 | 10 Demand 50 64 66 68 67 63 69 67 65 66 (a) Forecast the demand for the 13th week using the following techniques: i. 3- week weighted moving average with weights 0.2, 0.3, and 0.5 ii. Exponential smoothing with a smoothing constant equal to 0.85 ii. Adjusted exponential smoothing with a smoothing constant equal to 0.85 and smoothing constant for trend equal to 0.65 (b) Compute for the accuracy of each model using the mean squared error. Based on the computed MSE, what is the best forecasting technique for this time series?a) The 2-month Simple Moving Average (SMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts b) With weights of 0.5, 0.3, and 0.2, the Weighted Moving Average (WMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts c) With alpha = 0.8, the Exponential Smoothing (ES) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts
- How can we monitor and control forecast in our interior designing business. Please provide with a relative example4. Spears Rowbuck has recorded the following sales figures. Calculate the seasonal indices for Thursday and Friday. Week 1 Week 2 Week 3 Week 4 Monday 43 51 40 66.0 Tuesday 45 41 57 58.6 Wednesday 22 37 30 34.7 Thursday 25 22 33 36.7 Friday 31 25 37 25.0 a. Thursday = 29.18, Friday = 29.50 b. Thursday = 0.2074, Friday = 1.1632 c. None of the other options. d. Thursday = 0.7678, Friday = 0.7763 e. Thursday = 0.6142, Friday = 0.6211Ross Hopkins, president of Hopkins Hospitality, has developed the tasks, durations, and predecessor relationships in the following table for building new motels. Time (weeks) Immediate Time (weeks) Immediate Activity b Predecessor(s) Activity b Predecessor(s) a m a A 6. 8. 12 G 3 C, E - В 2 8 24 A 2 2 F 12 18 A 7 7 7 F 4 A 7 14 D, G, H E 1 2 4 В 3 3 4 I, J F 6 20 С, Е a) The expected (estimated) time for activity C is weeks. (Round your response to two decimal places.)
- Ross Hopkins, president of Hopkins Hospitality, has developed the tasks, durations, and predecessor relationships in the following table for building new motels. Activity a m b Immediate Predecessor(s) Activity a m b Immediate Predecessor(s)A 6 8 12 - G 2 3 4 C, EB 1 9 24 A H 2 2 2 FC 8 14 16 A I 7 7 7 FD 4 7 10 A J 6 7 12 D, G, HE 1 2 4 B K 1 1 4 I, JF 6 9 20 C, E a) The expected (estimated) time for activity C is 13.33weeks. (Round your response to two decimal places.) b) The variance for activity C is 1.78weeks. (Round your response to two decimal places.) c) Based on the calculation of the estimated times, the critical path is A - C - F - H - J - K . d) The estimated time for the critical path is [ ? ] enter your response here weeks. (Round your response to two…Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number Week Number 1 410 7 460 13 540 2 420 8 480 14 550 3 430 9 500 15 570 4 420 10 490 16 580 5 430 11 510 17 590 6 440 12 530 18 600 Click here for the Excel Data File a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 2 decimal places.) b. Use the above trend equation to predict expected loadings for Weeks 20 & 21. (Round your final answers to 2 decimal places.) c. The manager intends to install new equipment when the volume exceeds 990 loadings per week. Assuming the current trend continues, in which week (at the earliest) should the loading volume reach that level? (Use the rounded answers, as required, from any previous part of this problem. Do not round any other intermediate calculations. Round your final answer to 2 decimal places.)1 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows. Auto Week Demand 1 9. 2 11 3 8 4 12 5 10 13 7 7 8. 12 Develop a 3-week moving average forecast for Weeks 4 through 9 a Develop a 3-week weighted average forecast for weeks 4 through 9 with weights of d. What is the Naïve forecast for Week 9?